What loan is the best for a new roof?

If you are in need of financing your roof, your best choice is to choose a roofing company that offers financing. The approval process is easier and might not require a significant amount of paperwork like traditional financing options. At Honest Abe Roofing Orlando, we help homeowners navigate financing with speed and clarity so they can get their roof replaced without unnecessary delays. While there are a few different financing options available—such as loans through your roofing contractor, bank loans, credit cards, and programs like PACE financing—each comes with its own advantages and limitations. In this blog, we’ll break down each of these options so you can make the best decision for your home and budget. Whether you’re dealing with unexpected storm damage or planning a long-overdue roof replacement, having the right financial plan in place makes all the difference. So let’s dive in and explore which loan might be the best fit for your roofing project.

Financing Through a Roofing Contractor

Working with a roofing contractor that offers in-house financing can be the most convenient option for many homeowners. At Honest Abe Roofing Orlando, we’ve streamlined the financing process to help customers get approved within minutes. These contractor-based loans typically do not require any collateral, which means your assets—like your home or vehicle—aren’t at risk. That said, this convenience might come with slightly higher interest rates compared to traditional loans, since the lender is taking on more risk by not securing the loan with an asset. Still, the flexibility of these financing plans can be very appealing, with loan terms ranging anywhere from 1 to 20 years depending on your credit profile and budget. Always ask if there are any current promotional offers or financing specials—we often have seasonal deals that can lower your monthly payment or reduce your interest rate.

Choosing this route also ensures your project can move forward right away. When you finance through Honest Abe Roofing Orlando, you're not left waiting for a bank’s approval that could take weeks. You get transparency, fast answers, and a team that’s just as committed to protecting your home as you are. Our roofing advisors will walk you through the process and help customize a payment plan that fits your needs. You also have the option to bundle additional services like gutter installation or attic insulation into the financing package. For example, if you're interested in upgrading to a Brava synthetic tile roof or exploring our metal roofing options, those can be included in your financing package as well.

Getting a Loan from the Bank

Securing a loan from your bank or credit union is another route homeowners often consider. One of the key benefits here is the potential for slightly lower interest rates—especially if you have strong credit and a solid banking history. Banks are also more likely to offer structured repayment terms, and if you're already a customer, you might be familiar with their application process and customer service. However, unlike contractor financing, bank loans typically require more paperwork and a longer approval timeline. You might need to provide tax returns, proof of income, and possibly even pledge collateral, such as your home, to secure the loan. That added formality can slow things down significantly, which is not ideal if you need your roof replaced urgently due to leaks or storm damage.

Another important consideration is that many banks won’t release funds until the loan is fully approved, meaning your roofing project may be delayed. This can be particularly problematic in areas like Orlando where weather conditions can cause rapid deterioration of exposed roofs. Delays could result in additional damage and even higher repair costs. At Honest Abe Roofing Orlando, we’ve worked with homeowners who started with the bank route but ended up choosing our contractor financing because they couldn’t afford to wait. Speed, simplicity, and direct access to financing are major reasons why so many of our customers opt to work with us directly for both their roofing services and their financing needs.

Using Credit Cards for Roof Replacement

Another common way to finance a new roof is by using a credit card—especially one that offers 0% introductory interest. If you qualify for such a card, this can be a smart short-term strategy. Some homeowners prefer to put all or part of their roofing project on a credit card because it allows them to take advantage of rewards programs, points, or cashback offers. Additionally, it provides flexibility since most reputable roofing companies, including Honest Abe Roofing Orlando, accept major credit cards. However, this strategy comes with significant risk if not handled carefully. Once that promotional period ends, credit card interest rates can skyrocket—sometimes to over 20%—turning your affordable roof replacement into a very expensive one over time.

It’s important to do the math before going this route. Ask yourself: Can I pay off this balance before the promotional rate ends? Will I be able to manage payments if interest kicks in? If the answer is no, then a traditional loan or in-house financing may be a safer bet. We’ve seen homeowners who used a 0% credit card with the intention of paying it off quickly, only to end up with a balance that ballooned due to unforeseen expenses. Before swiping your card, make sure you’re well-informed about all the terms and ready to commit. At Honest Abe Roofing Orlando, our financing advisors can even help you compare your options side-by-side so you can decide whether a credit card, contractor financing, or bank loan is better for your situation.

Financing for Challenged Credit

If your credit history isn’t perfect, don’t panic—there are still options. In fact, one of the key advantages of working with a company like Honest Abe Roofing Orlando is that we partner with lenders who specialize in helping homeowners with less-than-perfect credit. Traditional banks might be quick to deny your application, but specialized lenders look at more than just your credit score. They consider your income, job stability, and other factors when evaluating your application. The approval process is still fairly quick, and many customers are surprised to find out they qualify when they thought they wouldn’t. Interest rates might be a bit higher, but having the ability to spread the cost of your roof over several years makes it manageable.

Roof financing should be accessible to everyone, regardless of financial background. That’s why we offer flexible terms and work hard to find a solution that fits your needs and budget. In some cases, our team can even assist in bundling urgent repairs—like leaks or storm damage—with upgrades like energy-efficient shingles or attic ventilation solutionsto help reduce long-term energy bills. The key is to not let your credit score prevent you from protecting your home. Our roofing advisors are here to help guide you through the process and advocate for you every step of the way.

Exploring PACE Financing

Another financing avenue you may not have considered is PACE (Property Assessed Clean Energy) financing, which is available in many municipalities throughout Florida. This type of financing is specifically designed for energy-efficient upgrades, including eligible roofing improvements. The unique part about PACE is that repayment is made through your property taxes rather than a traditional loan. This can be advantageous if you’re looking for long-term, low-interest financing that won’t affect your credit the same way a personal loan might. It also doesn’t require upfront payment or income verification in many cases, making it more accessible to a wider group of homeowners.

To learn more about PACE financing and whether your project qualifies, visit Homerun Financing. Keep in mind that while PACE is a great tool for eligible projects, it’s not available in all areas and may come with stipulations regarding how the funds are used. The Honest Abe Roofing Orlando team is familiar with local financing programs and can help guide you through eligibility requirements and approval processes. If you’re upgrading your roof with impact-resistant shingles or improving insulation for better energy efficiency, PACE might be an ideal solution. We encourage you to ask about this option during your consultation to see if it’s a good fit for your roof replacement.

Which Loan Is Right for You?

There’s no one-size-fits-all answer when it comes to the best loan for a new roof—it all depends on your financial situation, credit profile, and how quickly you need the project completed. If you value speed, simplicity, and personalized service, then financing through a roofing contractor like Honest Abe Roofing Orlando might be your best choice. If you already have a strong relationship with your bank and want to explore the lowest possible interest rates, then a traditional loan could be worth pursuing. For those who can confidently manage short-term debt, a 0% interest credit card may offer flexibility—but only if you’re disciplined about repayment. And if your credit needs some work, don’t be discouraged—there are lenders who can still help you finance your roof with manageable payments.

Ultimately, it’s about protecting your home and peace of mind. A new roof isn’t just a cost—it’s an investment in your property’s value, comfort, and long-term energy efficiency. At Honest Abe Roofing Orlando, we believe every homeowner deserves access to quality roofing, regardless of their financial situation. That’s why we’ve partnered with a variety of lenders and continue to educate our customers about all the available options. We’re not just here to install roofs—we’re here to build trust, one home at a time.

Ready to Learn More?

If you’d like to find out more about available financing options, give Honest Abe Roofing Orlando a call today. We’ll walk you through your available resources, answer any questions, and even help you get prequalified in just minutes. You can also visit our Financing Page to explore our flexible plans. Whether you’re looking for a simple roof repair, a full roof replacement, or specialty metal roofing or Brava tile installations, we’re here to make it affordable and stress-free. Don't let financing hold you back from protecting your home.

Give us a call at 407-887-7663 or schedule your free consultation directly through our website. Let’s explore your options together—and get your roof done right.